Press TV |
Republican presidential candidate Mitt Romney will say in his Monday speech that additional sanctions would be imposed against Iran over the country’s nuclear energy program if he is elected, CBS News reported.
“I will not hesitate to impose new sanctions on Iran, and will tighten the sanctions we currently have,” he is set to say in an address at Virginia Military Institute on Monday.
The United States has so far imposed unilateral financial and energy sanctions on Iran over its nuclear energy program.
Putting more pressure on Tehran over its peaceful nuclear program is one of the main topics of foreign policy speeches by American presidential candidates Romney and Barack Obama.
U.S. Secretary of Defense Leon Panetta also warned on Saturday that more sanctions would be imposed against Iran and called on the country “to engage seriously with the international community to try to resolve this issue.”
Key lawmakers in the U.S. Congress are looking at ways to expand economic sanctions on Iran. Economic Times
The proposals, still in the early stages of development, would aim to penalize foreign banks that handle any significant transactions with the Central Bank of Iran. Only oil-related transactions are now covered. Economic Times
In August, a second package of sanctions added further restrictions for international banks, insurance companies and oil traders.